As you can see, we have 2 possible different patterns here, it depends on how we count the wave and which exchange we use. Some interesting facts: some whales accumulated many (more than 100k in total) since Nov dump. And their average entry price is from 3200 to 3500. I prefer Scenario 2 ofc, but we will need some more TA when the time comes. Be safe guys;)
Hello guys, i am back to business. Let's make some money together in this crazy market, huh? BITFINEX:BTCUSD Let's start on 1H chart, we have seen some crazy movement yesterday, but we didn't break that down channel, and volume is keeping low during that 150usd dump. From what i can see, this a shakeout for the bulls, or you can call it the abc correct wave...
After this slowly, low volume drop, we form successfully a bullish divergence on 4H. DMI on 1H also shows a bottom sign, a correction of this drop should happen in no time.
It is time to short again our shitcoin trx, are you ready? Enter today under trend line, SL on bitmex will be 735 TP 1 585
ADX shows we are near the top, daily rsi shows bearish divergence. trxusd may still have a up room because of btc uptrend, but trxbtc is definitely a good choice to short, especially when you are holding your btc long.
One strong indicator is in bulls favor now, guess what? Bitmex funding x) Bitfinex is the king for now who decide whether we break out or not, so far we haven't touched the necklin of IHS on bitfinex, and we will (highly possible) test it tomorrow. Happy hunting! i mean trading^^ Safe long on bitmex, 3950-4020 SL 3925 TP1 4130 TP2 4200 TP3 4400
To be honest, as far as i have observed, the bitfinex margin long was opened by Whales mainly but not by small traders. First they have closed all their shorts during the last 2 weeks. And then They used big sell orders to scare the traders and triggered the bots to short, to fill their long orders. If these whales are from exchange its own, we may probably see a...
This is what kind of adx i have been waiting for! Once we can break 4150 neckline, we are going for the moon baby!!!
Hey guys! Today i share with you my first 2019 analysis about BTCUSD pair. This is a middle term (2-8 weeks) trading with clear targets as you can see on the chart. From hourly adx we are still in a shake out phase. On BITFINEX we need to break 4080 resistance to validate the elliot wave pattern. Breaking 4350 to 4400 neckline with good volume could validate the...
Hello guys, it has been some time for a real analysis. Too busy these days because of Christmas, etc. Happy Christmas to you all! A clear up trend has been formed, but most of "noobie" traders are still very bearish. I am bullish at the moment, the trend shows us a high potential to push through the up channel and hit the 4400 resistance. After that the positive...
I don't do small talks. I prefer 3380 to 3430 level.
Maybe we will test 2950-3050 zone, but it doesn't change the potential inverse head-shoulder possibility. Pay attention to the neckline.
A tiny step on hour chart, a huge step on Humanity (btc) Can we Fxxx bitfinex one time for good?
No reversal sign, another try out point right now: Short entry: 3950-3420 SL 3460 TP1 3300 TP2 3200 TP3 2950
Seems the price on bitmex is following bitfinex, but bitfinex keeps playing around normal traders, the longer we stay here, the more dangerous for bulls. If we break down, it is possible that we see sub 3k.